ZIP Code · FL

ZIP 34202

Part of Lakewood Ranch, FL

Pop. 27,197·Manatee County·208th most expensive ZIP in Florida

Median rent (all units)

$2,329/mo

Year-over-Year

-0.4%

Month-over-Month

-1.0%

vs US Median

+$397

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 34202 · $2,329

More expensive than 75% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,850

1 BR

$2,200

2 BR

$2,550

3 BR

$3,300

4 BR+

$3,940

Research median

$2,550/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

April. Asking rents in ZIP 34202 usually run 1.4% below trend in April and 0.9% above it in February, about $54 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 34202 is 4.4% below its high of $2,435 in November 2022, at $2,329 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 34202 changed -0.4% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has fallen 2 months in a row, and rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($121,659) is $3,041 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,550); a 3-bedroom is $3,300.

Cheaper nearby

ZIP 34235, 6 miles away, rents for 10% less ($2,091/mo), about $2,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 34202. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$27,948/yr

At $2,329/mo median

Location

CityLakewood Ranch

StateFL

CountyManatee County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.4% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-0.4% YoY, -1.0% MoM), not inventory.

Demographics

Who lives here

ZIP 34202 (Lakewood Ranch, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 56.7% of residents hold a bachelor's degree or higher.

Population

27,197

Median income

$121,659

Median age

55.4

Renters

20.8%

Age distribution

16.3%

12.8%

20.2%

16.5%

34.3%

Under 1816.3%

18–3412.8%

35–5420.2%

55–6416.5%

65+34.3%

Gender

48.3%

51.7%

Male48.3%

Female51.7%

Race & ethnicity

81.2%

White81.2%

Black2.7%

Hispanic10.1%

Asian2.7%

Other3.4%

Education (25+)

13.7%

27.1%

56.7%

No HS diploma2.5%

HS diploma13.7%

Some college27.1%

Bachelor's+56.7%

Housing tenure

79.2%

20.8%

Owner79.2%

Renter20.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 34202 in Lakewood Ranch, FL has changed in 5 years

Rent

$2,424 → $2,329

down 3.9%

Income

$104,907 → $121,659

up 16.0%

Population

24,920 → 27,197

up 9.1%

Renter share

24.1% → 20.8%

-3.3 pts

Bachelor's+

54% → 56.7%

+2.7 pts

Median age

52.1 → 55.4

+3.3 yrs

The median rent in ZIP 34202 in Lakewood Ranch, FL stood at $2,424 in 2022 and currently runs about $2,329, reflecting a 3.9% decrease over the period. Census figures show median household income at $121,659 today, compared with $104,907 five years earlier. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 9.1% since 2021, moving from about 24,920 residents to roughly 27,197. Renters now make up 20.8% of households, compared with 24.1% five years ago. College-educated residents now make up 56.7% of adults here, versus 54% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

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About renting in ZIP 34202

Last updated: October 17, 2026

ZIP code 34202 covers Lakewood Ranch, FL. The median rent here is $2,329/mo as of October 2026. A 1-bedroom rents for a median of $2,200/mo. A 2-bedroom rents for a median of $2,550/mo.

At 23% of local median household income ($121,659/yr), ZIP 34202 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 34202?

To keep rent at or below 30% of gross income, you would need to earn at least $93,000/year (about $45/hour full-time) to afford the median rent of $2,329/mo in ZIP 34202. The local median household income is $121,659/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 34202?

Rent in ZIP 34202 has been roughly flat over the past year as of September 2026, a -0.4% change. It sits 4.4% below its high of $2,435 in November 2022.

When is the cheapest time to rent in ZIP 34202?

Asking rents in ZIP 34202 are usually lowest in April, about 1.4% below their yearly trend, and highest in February, about 0.9% above it. At today's median that is a gap of roughly $54 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 34202 compare to other ZIPs in Florida?

ZIP 34202 is one of the pricier among Florida ZIP codes for rent, ranking #208 of 656 at $2,329/mo. Over the year to September 2026, rent in ZIP 34202 changed -0.4%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.